JMS Posted January 26, 2016 Share Posted January 26, 2016 http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/12118594/Saudis-will-not-destroy-the-US-shale-industry.html Saudis ‘will not destroy the US shale industry’ Energy guru Daniel Yergin says rich investors have $60bn war chest to buy up distressed fracking assets after Opec war of attrition This is good news.. Link to comment Share on other sites More sharing options...
zoony Posted January 26, 2016 Share Posted January 26, 2016 Chinese have plenty of cash too. They bought all our solar technology when that burst might as well own our oil too. This oil crash is absurd, and speaks directly to the need for regulation of this precious resource. China has slowed and Saudi has decided to pump more oil to flush the competition. So ****ing what. Global demand for oil will continue to rise from now until eternity and global supply will continue to shrink. Yet, the price drops. Free market efficiency man!!! (I.e. Gambling and speculation) What is frightening is the resources being pulled from production right now will have consequences in the years to come as demand continues to rise. Looking forward to that $5 gas. Yeeha Link to comment Share on other sites More sharing options...
SkinsHokieFan Posted January 26, 2016 Share Posted January 26, 2016 The electric vehicle investment I made is going to pay big dividends. I haven't bought gas in weeks Link to comment Share on other sites More sharing options...
Riggo-toni Posted January 26, 2016 Share Posted January 26, 2016 I hope the govt is filling the strategic reserve to complete capacity right now...And maybe expanding it as much as possible. Link to comment Share on other sites More sharing options...
twa Posted January 26, 2016 Share Posted January 26, 2016 The electric vehicle investment I made is going to pay big dividends. I haven't bought gas in weeks gas prices going down ,electric rates climbing I hope the govt is filling the strategic reserve to complete capacity right now...And maybe expanding it as much as possible. unless they change their allowed use it would be a waste hell private companies are building strategic oil reserves here ....to profit after the bounce of course dropping that navy green fuel fiasco would save more http://www.nationalreview.com/article/430246/biofuel-scam-makes-solyndra-small-potatoes?utm_campaign=trueAnthem%3A+Trending+Content&utm_content=56a64e3d04d3010f0eaa092d&utm_medium=trueAnthem&utm_source=twitter Link to comment Share on other sites More sharing options...
Zguy28 Posted January 26, 2016 Share Posted January 26, 2016 gas prices going down ,electric rates climbing My Prius gets about 11 miles per kw. Price here is ~9 cents /kw. Not bad trade when a quarter of your daily commute is all EV. Link to comment Share on other sites More sharing options...
nonniey Posted January 26, 2016 Share Posted January 26, 2016 I hope the govt is filling the strategic reserve to complete capacity right now...And maybe expanding it as much as possible. I think that has been full for several years now. Link to comment Share on other sites More sharing options...
zoony Posted January 26, 2016 Share Posted January 26, 2016 My Prius gets about 11 miles per kw. Price here is ~9 cents /kw. Not bad trade when a quarter of your daily commute is all EV. You also have to weigh the stress of never getting laid. Can lead to heart disease etc Link to comment Share on other sites More sharing options...
twa Posted February 4, 2016 Share Posted February 4, 2016 Looks like someone thinks ya are getting too comfortable with cheap gas prices http://news.yahoo.com/obama-seek-tax-oil-budget-proposal-203012435--business.html WASHINGTON (Reuters) - U.S. President Barack Obama will propose a $10-a-barrel fee on oil in his budget plan next week, as the White House seeks to boost the nation's investments in clean transportation projects, the White House said on Thursday. Link to comment Share on other sites More sharing options...
Larry Posted February 4, 2016 Share Posted February 4, 2016 Looks like someone thinks ya are getting too comfortable with cheap gas prices Great idea actually. We've needed to incent moving away from oil for decades. But it's always a case of "if you inflate the price, it will hurt the economy". Well, right now, that's not the case. It's the perfect time to do something that's been needed for some time. Link to comment Share on other sites More sharing options...
twa Posted February 5, 2016 Share Posted February 5, 2016 Gas prices must rise to keep up with electric rates....Go Green. Elton Musk needs a new mansion. Link to comment Share on other sites More sharing options...
twa Posted January 18, 2017 Share Posted January 18, 2017 Oh how the worm has turned New drilling tech makes undercutting Saudi production costs profitable......did I mention the Billions of new reserves being discovered? Quote Rising U.S. shale-oil output threatens OPEC’s production pact http://www.marke****ch.com/story/rising-us-shale-oil-output-threatens-opecs-production-pact-2017-01-17 The oil market got a stark reminder Tuesday that rising oil production in the U.S. could upend efforts by major producers to bring global supply and demand for crude back in to balance. Just ahead of the settlement for oil futures prices CLG7, +0.30% on the New York Mercantile Exchange on Tuesday, the Energy Information Administration released a report on drilling productivity—forecasting a monthly rise of 41,000 barrels a day in February oil production to 4.748 million barrels a day. “That is bearish for oil and a concern for [the Organization of the Petroleum Exporting Countries,” said James Williams, energy economist at WTRG Economics, pointing out that the volume of new oil per rig has climbed because of gains in efficiency. “If maintained, the expected February production gain means production from the shale plays will be up at least a half million barrels per day by the end of the year,” said Williams. Prices for February West Texas Intermediate crude lost the bulk of the day’s gain on Tuesday to settle with a modest 11-cent climb at $52.48 a barrel. Link to comment Share on other sites More sharing options...
Kosher Ham Posted January 18, 2017 Share Posted January 18, 2017 I don't think I will ever appreciate some folks wanting us not to drill. Link to comment Share on other sites More sharing options...
TheGoodBits Posted January 18, 2017 Share Posted January 18, 2017 When ES censors the one word version of market watch Link to comment Share on other sites More sharing options...
Busch1724 Posted January 18, 2017 Share Posted January 18, 2017 The genius of marke****ch is wonderful haha. Link to comment Share on other sites More sharing options...
FanboyOf91 Posted January 19, 2017 Share Posted January 19, 2017 I'm sure Russia, Iran, and Saudi Arabia will cut production in respo- Link to comment Share on other sites More sharing options...
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